Latest Business Results(Fiscal year ended March 31, 2020 (Consolidated))

Summary of Results of Operations and Financial Highlights

The Japanese economy recovered slowly as the labor market and personal income improved during the past fiscal year. However, the economy subsequently declined rapidly as the new coronavirus pandemic restricted economic activity worldwide.
The RASA Group is taking many actions based on “Value Up Rasa 2021 – Create Corporate Value,” a new medium-term business plan covering the three-year period ending in March 2022. The goal of this plan is sustained growth by further strengthening the foundation for business operations and operating as a company that creates added value for social infrastructure support.
As a result, consolidated net sales decreased 2,490 million yen (7.8%) to 29,264 million yen because of lower sales in the core resources and metallic materials business.
Operating income decreased 55 million yen (2.7%) to 1,974 million yen because of the decline in net sales. Ordinary income was down 29 million yen (1.3%) to 2,234 million yen. Profit attributable to owners of parent increased 67 million yen (4.1%) to 1,698 million yen because of a gain on the sale of investment securities.

(Millions of yen)

FY2020

Amount

Pct. of sales

Net sales

29,264

100.0

Operating income

1,974

6.7

Ordinary income

2,234

7.6

Net income

1,698

5.8

Outlook for the fiscal year ending in March 2020

Countries worldwide are currently taking actions to prevent the spread of COVID-19. These actions are severely impacting the global economy and it is impossible to predict when this crisis will end. As a result, the outlook remains unclear.
The RASA Group has established an Emergency Response Headquarters for activities for the health and safety of employees and all others associated with the group’s business operations as well as for rapid measures in business operations to deal with the COVID-19 crisis.
There is no consolidated forecast for results of operations and the dividend for the fiscal year ending March 31, 2021 because it is impossible to establish reliable forecasts at this time. An announcement will be made promptly when it becomes possible to determine these forecasts.

FY2021 Second Quarter

FY2021 (Forecast)

Net sales

‐

‐

Operating income

‐

‐

Ordinary income

‐

‐

Net income

‐

‐

There is no consolidated forecast for the fiscal year ending March 31, 2021 because it is impossible to establish a reliable forecast at this time. An announcement will be made promptly when it becomes possible to determine a forecast.